Zions Bancorporation N.A. Grows Holdings in Dynatrace, Inc. (NYSE:DT)

Zions Bancorporation N.A. boosted its position in Dynatrace, Inc. (NYSE:DT) by 20.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,887 shares of the company’s stock after buying an additional 6,908 shares during the quarter. Zions Bancorporation N.A.’s holdings in Dynatrace were worth $2,222,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its stake in shares of Dynatrace by 40.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock worth $33,000 after buying an additional 176 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Dynatrace during the 4th quarter worth $38,000. Nisa Investment Advisors LLC grew its holdings in Dynatrace by 271.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock worth $39,000 after acquiring an additional 530 shares in the last quarter. UMB Bank n.a. increased its position in shares of Dynatrace by 75.3% in the 4th quarter. UMB Bank n.a. now owns 1,259 shares of the company’s stock worth $68,000 after purchasing an additional 541 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of Dynatrace by 173.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,437 shares of the company’s stock valued at $78,000 after purchasing an additional 911 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Price Performance

Dynatrace stock opened at $51.19 on Wednesday. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $63.00. The company’s fifty day moving average price is $55.61 and its two-hundred day moving average price is $54.48. The company has a market capitalization of $15.32 billion, a price-to-earnings ratio of 31.99, a PEG ratio of 7.05 and a beta of 1.12.

Wall Street Analysts Forecast Growth

Several research analysts have commented on DT shares. DA Davidson set a $70.00 target price on shares of Dynatrace in a research report on Friday, January 31st. Scotiabank increased their price objective on Dynatrace from $62.00 to $67.00 and gave the stock a “sector outperform” rating in a report on Friday, January 31st. Wedbush reaffirmed an “outperform” rating and set a $67.00 target price on shares of Dynatrace in a research note on Friday, January 31st. Cantor Fitzgerald reissued a “neutral” rating and issued a $57.00 price target on shares of Dynatrace in a research note on Thursday, February 6th. Finally, Morgan Stanley raised their price target on Dynatrace from $59.00 to $62.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $63.35.

Insider Activity

In other Dynatrace news, CFO James M. Benson sold 34,932 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the completion of the sale, the chief financial officer now directly owns 339,004 shares in the company, valued at $20,696,194.20. This represents a 9.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rick M. Mcconnell sold 40,000 shares of the firm’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $61.42, for a total value of $2,456,800.00. Following the completion of the sale, the chief executive officer now directly owns 548,684 shares in the company, valued at approximately $33,700,171.28. This represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 117,432 shares of company stock valued at $7,159,599. Insiders own 0.59% of the company’s stock.

Dynatrace Company Profile

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates Dynatrace, a security platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, log management and analytics, digital experience monitoring, digital business analytics, and cloud automation.